Whether or not you support the Occupy movement, it’s stomach-turning to think about the NYPD ripping up camp sites, spraying mace and manhandling the disenfranchised, while the mayor dines with a Wall Street CEO who not only bet against U.S. homeowners in the mortgage meltdown but structured deals for his favorite billionaire clients, only to shaft investors on the other side of the deal.

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I didn't completely read Greg Smith's op-ed, but who ever worked in the industry or read "Liar's Poker" doesn't see anything surprising in Smith's account at Goldman. People who think Goldman is the only rotten apple are mistaken, they're pretty much all alike. Two of the worst ones have already been taken down: Bear Sturds, Lemon brothers.
Don't think for a second that it's some sort of ethical market or regulators/TPTB taking them down for their sins/illegal behavior. It's more like the confrontation of different mob families fighting over the same turf.

I didn't completely read Greg Smith's op-ed, but who ever worked in the industry or read "Liar's Poker" doesn't see anything surprising in Smith's account at Goldman. People who think Goldman is the only rotten apple are mistaken, they're pretty much all alike. Two of the worst ones have already been taken down: Bear Sturds, Lemon brothers.Don't think for a second that it's some sort of ethical market or regulators/TPTB taking them down for their sins/illegal behavior. It's more like the confrontation of different mob families fighting over the same turf.

Agreed... it is not that Stoolies did not know, but rather the fact that it was prominently published in New York Times, giving it much wider publicity. But be assured, no damages will be done to no investment bank because of the op-ed.